Piper’s Munster Raises AAPL June Revenue by 2% on Tiger News [UPDATED]

| Reports

On the heels of Appleis announcement Tuesday that ?Mac OS X 10.4 would ship by monthis end, one analyst feels revenue from sales of Tiger will likely add about 2% in additional revenue to the companyis bottom line in the fiscal third-quarter.

In a research note obtained by The Mac Observer, Piper Jaffray & Co. analyst Gene Munster told clients that is projecting Tiger could add US$50 million in sales for Apple during the June quarter.

Mr. Munster said that the impact on Appleis bottom line could be higher than he had previously modeled because the launch date is coming earlier than expected.

Mr. Munster said he, "had been expecting the launch sometime late in 1H05; a late April launch will allow for two full months of shipment in the June quarter."

In comparison, he noted that Pantheris release in October of 2003, the beginning of Appleis fiscal 1st quarter in 2004, generated $50 million in sales. He expects that Tiger will sell similarly well.

The Piper Jaffray analyst also reiterated yesterdayis comments, which predicted earnings results of 24 cents a share and revenue of $3.17 billion for the last quarter. Apple will release those results tomorrow, after the close of business on Wall Street. With an expectation of 30 million iPods shipped by the end of 2005 and the growing "halo effect" that the wildly popular MP3 player will have on Appleis Macintosh sales, Mr. Munster said that he is maintaining an iOutperformi rating on the stock.

[Update: This story has been updated with additional information about Piper Jaffrayis Tiger projections.]

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